PROPERTY PREVIEW EDITION 4 September 2017
CELEBRATING 100 YEARS IN REAL ESTATE From a small office in Pultney Street, Dandenong to a company spanning three generations, the Facey family has had a profound impact on the development and commerce of Dandenong and the south east growth corridor. 100 years is a testament to the strong, local, family culture that has always underpinned the Facey business. We continue to be one of the most trusted names in real estate, servicing loyal businesses and investors with our in depth knowledge of the south east market.
facey100.com.au
Property Preview Edition 4 What's going on Spring is in the air and it’s a great time to trim up your portfolio! Investment has been strong for some time in the commercial property market. Lack of stock, improved tenant demand, a change in appetite by the large local/ foreign investors and geopolitical tensions make navigating the path forward a little intriguing. The capital controls introduced by the Chinese Government will initially reduce the number of foreign buyers. Local institutions and investment groups within Australia have seemingly adopted a watch and then act mentality. Recent activities from Kim Jong-un and the Donald make it less likely that Australia will remain immune. However our fundamentals are strong in comparison to the US or the UK. Technology companies are a huge driver of tenant demand along with the ‘Amazon-ing’ power of bricks and clicks. Commercial development is abundant in most suburbs, the Monash Freeway works nearing completion and the exciting investment in rail providing that infrastructure spend in Melbourne’s southeast finally. Many pundits feel that Asian money, not Chinese, will fill the gap that Capital Controls creates and Singaporean companies are leading that charge.
Fast read 4 & 6 Bridge Road, Keysborough
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Commercial Park Pakenham
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4/2 Waterford Rise, Pakenham
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So that’s all about the new and this edition provides a refreshing look at the forgotten market segment of older commercial properties. Matt O’Dea has penned a piece highlighting why the phrase ‘she’s an oldie but a goodie’ is resonating around Dandenong at present! We trust you will enjoy this edition and look forward to helping you develop your investments over the coming months! Regards,
GRAHAM ‘JOSH’ KENDALL
MARK BOND
Director
Director
Property Preview | September 2017
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4 & 6 Bridge Road, Keysborough 4 Bridge Road
6 Bridge Road
EXPRESSION OF INTEREST
Buy 1 or buy both!
Central and functional with exposure to Eastlink The international brand PEDDERS have occupied this site for near on 30 years. So why can't you? Located on Bridge Road, Keysborough this fantastic offering includes two office/warehouses. They are located just off the corner of Cheltenham Road abutting the Eastlink on-ramp providing great exposure. 4 Bridge Road comprises a 926m2 warehouse with access from a large adjoining yard approx 1,500m² and an air-conditioned office of 132m2. Relocate your business to this fantastic location with potential for future development. 6 Bridge Road includes a functional 2,368m2 warehouse with drive around capability, a recessed loading dock and excellent power supply. It includes 315m² of air-conditioned and partitioned offices.
4 Bridge Road, Keysborough • Exposure to Eastlink • The yard of 1,500m² is the key • Air-conditioned office 132m²
6 Bridge Road, Keysborough • Partitioned air-conditioned ground floor offices 315m² • Recessed loading dock • Good power supply
Colin Tarlamis 0400 344 070 Graham 'Josh' Kendall 0418 322 443
Visit website
4 Bridge
6 Bridge
Property Preview | September 2017
Building area 4 Bridge Road 1,058m2 6 Bridge Road 2,683m2
Land area
4 Bridge Road 3,859m2 freehold title 6 Bridge Road Strata title
Zoning Industrial 1 EOI closing
Wednesday 20th September, 2pm 6 Clow Street, Dandenong
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AGE IS NO BARRIER There is one segment of the property market that has been humming along without fanfare and it’s proving to be very profitable for vendors. I'm talking about the older style factory in the long established parts of town. The foundational bricks ‘n’ mortar that industrial Dandenong was built on. This asset class has plenty going for it and buyers are warming to these solid industrial gems for good reason. To begin with, they mainly sit on Industrial 1 zoned land which is more flexible than some of the lighter industrial zones we've recently seen allocated to new estates. Furthermore, many of these factories were built on freehold titles at a time when smaller blocks were much more prominent. These days, finding Industrial blocks in Dandenong under 2,000m² is akin to sourcing hens teeth or flying pigs. Versatile blocks under 2,000m² are simply not created in Greater Dandenong anymore. This narrows the options for buyers requiring warehousing under 800m² to strata developments- and that means owners corporations, common areas, and less control over your asset.
Sure, older style factories are not the prettiest. They usually appear a bit dated and some are in need of a facelift, but considering the strong demand for simple practical factories in this area by owner occupiers and tenants, there is plenty of time down the track for simple refurbishments. Updated offices, rendered facades and simple paint jobs give these old timers an instant push into today. Finally, we can’t possibly ignore the affordability factor. There's no doubt that an older factory is cheaper than a new factory when we are seeing sub 1,000m² warehouses achieve in excess of $1,800/m² in some cases. Many vendors have been well rewarded with the passing of time as Dandenong has evolved. With low interest rates, continued population growth, and lack of stock on the market, we've seen first-hand some great success stories in recent months; older factories achieving prices often reserved for their cleaner, contemporary offsiders. The market continues to warm but it won't always be the case. Take advantage while the stars are aligned and competition from buyers remains buoyant.
[ by Matt O'Dea ] Partner
SOLD BY
20% over reserve
$1,370 per m²
Above asking price
5.9% yield
Stephen Road, Dandenong South
Healey Road, Dandenong South
Hilton Street, Dandenong
Egan Road, Dandenong
$720,000
$880,000
$720,000
$697,500
15% over reserve
5.5% yield
$1,582 per m²
Dandenong Street, Dandenong
Dunn Crescent, Dandenong
Greens Road, Dandenong
$607,000
$650,000
$1,850,000
DEMAND IS STRONG IN DANDENONG! Contact your Dandenong experts about listing your property today.
03 9793 4455
info@faceyindustrial.com.au
50% SOLD
Commercial Park Pakenham 1-23 Tango Circuit, Pakenham FOR SALE / LEASE
Commercial Park Pakenham - Enterprise starts here With its strategic location just off Pakenham Bypass, Commercial Park Pakenham has everything industrial occupiers and investors could want.
• Allocated parking on title, plus visitor parking
The masterplanned estate includes a range of street fronting units. Choose from warehouses featuring beautifully finished ground floor offices, mezzanine offices, or a stand-alone warehouse to suit your requirements.
• Units from 205m² - ideal man cave size
The estate is located within SouthEast Business Park, which is home to leading national and international brands such as Toyota, Car MegaMart and Dahlsens.
Building areas from 205-579m²
• Within a secure gated complex
Mark Bond 0419 386 882 Matt O'Dea 0448 566 556
Visit website Property Preview | September 2017
Zoning Industrial 1
Sale price from $297,250 Lease price from $17,425pa 9
FOR SALE OR LEASE
FOR SALE OR LEASE
DEVELOPER'S MOST RECENT COMPLETED PROJECT
6 Lakewood Boulevard, Carrum Downs
Remount Business Park, 3-7 Remount Way, Cranbourne West
Quality building - excellent locality!
Cranbourne's Business Destination
• Easy access to Eastlink and Peninsula Link • 1,037m² warehouse with 7.5m clearance • Fully fitted offices over two floors • CT metering
• 22 warehouses & office/warehouses • Just off busy Thompsons Road, opposite Marriott Waters • Access via Western Port Highway & South Gippsland Highway
Building area 1,261m² Zoning Industrial 1 Sale price $1,900,000 Lease price $95,000pa + O/Gs Matt O’Dea 0448 566 556 Tim Dark 0488 558 484 10
Available now
Visit website
*All prices are exclusive of GST unless stated. All measurements are approximate.
Building area 110m2 - 392m2 Lease from $17,600pa - $46,950pa Sale prices $225,900 - $799,900 Terms 10% deposit, balance 14 days from title Matt O’Dea 0448 566 556 Tim Dark 0488 558 484
Watch video
Available November 2017
FOR SALE OR LEASE
FOR LEASE
17 & 19 Whitfield Boulevard, Cranbourne West
64 Victor Crescent, Narre Warren
When bigger is better!
State of the art offices with modern fit outs
17 Whitfield Boulevard
19 Whitfield Boulevard
• Modern office/warehouse • Freehold title • Security fencing • Located in Thompson's Base Business Park
• Excellent loading areas • Landscaping and security fencing • 4 roller doors • Loading canopy
Building area 17 - 3,212m2 / 19 - 2,689m2 Zoning Commercial 2 For sale or lease Price on application Matt O’Dea 0448 566 556 Mark Bond 0419 386 882
Visit website
Due for completion late 2017
• 5 office suites available • Car parking included • Narre Warren's commercial precinct
Offices from 80m2 - 500m2 Zoning Commercial 1 Lease from $22,500pa - $150,000pa Matt O’Dea 0448 566 556 Mark Bond 0419 386 882 Property Preview | September 2017
Fit outs available
Visit website 11
22/270 Ferntree Gully Road, Notting Hill FOR LEASE
Corporate offices in central location This modern two storey office in a highly sought after Business Park location is perfectly suited for research and development, corporate training, and meetings.
• 2 level office
Comprising a total of 250m² over two levels, this site includes kitchen facilities on each level and Telstra fibre straight to the building. There are also three car parks at the front door plus additional parking available as needed, at cost.
• Telstra fibre connection
Located adjacent to the intersection of Forster Road, the property is only minutes from Monash Freeway, Princes Highway and Monash University. Enjoy the benefits of a corporate environment in a central location.
• Kitchen facilities on both levels • Ample parking on site • Easy access via Monash Freeway
Zoning Special Use Zone
Ian Kilgour 0416 012 727 Colin Tarlamis 0400 344 070
Lease price $77,890pa + O/Gs
Visit website 12
*All prices are exclusive of GST unless stated. All measurements are approximate.
Building area 250m²
4/2 Waterford Rise, Pakenham AUCTION
Invest hear? Currently leased to Attune Hearing on a 5 x 5 x 5 year lease, returning $30,766pa with fixed annual reviews, this 103m² building would be a fantastic addition to your investment portfolio.
• Amongst other medical facilities
The tenant has invested in a substantial fit out and has been in occupation since 2015.
• Ample parking
The property is well positioned in Lakeside's vibrant community amongst other medical facilities and is just a short distance from the heart of the Lakeside commercial precinct.
• Terms - 10% deposit, 30/60 days
With a solid tenant and winning location, this is the perfect opportunity to build your portfolio in Pakenham.
• Neighbours include Coles & ALDI to name a few • Air-conditioned
Adam Martin 0409 357 352 Graham 'Josh' Kendall 0418 322 443
Visit website Property Preview | September 2017
Building area 103m2 Zoning Comprehensive Development Zone Auction Wednesday 20th September, 1pm - on site 13
the importance of the
{human experience} Technological advances are changing the way we do business for the better. However as business becomes increasingly digital, relationships with clients and customers are vital. Technology is making customer transactions and business processes more convenient. At Facey we are connecting with clients where they spend most of their time - online. We are doing this through a number of mediums including social media and video, making
it easier than ever for them to explore and enquire after properties. We also recently upgraded our property management system to offer you even better connectivity and service. Going paperless is high on our agenda. Our new system will give you greater access to information on your properties through improved reporting features and online portals. A business's ability to evolve with its customers is the key to ongoing success. While automation is increasing business efficiency, we as business operators need
Chad Kendall, Head of Property Services
to both understand the customer's online experience and supplement this with ever important 'human experiences'. This is particularly true for service-based businesses, where customer loyalty is strengthened from a combination of the convenience of technology and face-to-face connection. Our Property Management Team are now proud to be able to offer you a multi-lingual team. Should you be more comfortable in speaking your native language of Spanish, Italian or Greek then we are able to accommodate.
HAPPY TENANTS LOW VACANCY RATES MAXIMISED RETURNS Your assets are safe in our hands.
Contact us for a portfolio assessment today.
9793 4455 | faceyindustrial.com.au
Sarah
Rebecca
GRANT
Hubbard
Sales & Leasing Marketing Coordinator
Trust Accounts Assistant
When you were in primary school what did you want to be when you grew up? A veterinarian.
What is something you'd like to accomplish in the next year? I have a long list but one would be to finish building a house with my partner. What hidden talent do you have? I don't know, it is hiding so well I have yet to find it. I think I’m a pretty good singer others might not agree!
What is the best real estate advice you've been given? Communication and listening. The key element of being proactive is keeping the client well informed and motivated. What do you love about your job? I love getting different creative aspects of marketing work and being welcomed by such a friendly team daily!
What is the first thing you would take with you if your house was burning down? My daughter first, then my dog, then photo albums. What was the first CD you bought? Vinyl record in my day - Michael Jackson - Bad. Who is someone you admire and why? My mum. She was one of nine children who all had to be independent from a young age. She then raised three children, working afternoon/nights and went back to uni as a mature age student to follow her dream to become a teacher, and has been teaching now for 20 years.
FACEY
What was the first concert you went to? It was a KISS concert (thanks to my dad)!
FACESof
What's your idea of the perfect day? My perfect day would include, sunshine an adventure to somewhere new and exciting then finishing it off by relaxing in a peaceful environment with a nice wine and someone I love!
What is something you're afraid of? Heights, though I have been sky diving. What is something you'd like to accomplish in the next year? To get back in to my hobbies. Before having my daughter I did a quilting class, they were all 30 years my senior but we had such a laugh. What hidden talents do you have? I never knew how much patience I had until having a daughter who is 7 going on 17! What is the best real estate advice you've been given? Do your research.
2/153 Wedgewood Road, Hallam FOR LEASE
The complete all rounder! This fantastic office/warehouse is ideal for distribution, importing and light manufacturing.
• Brilliant loading/unloading areas
Set back from the road there is huge front area for loading and unloading of semi-trailers and containers. There is also a concreted side yard of 250m² for outdoor storage or to park a large truck.
• Very clean setup
• High clearance warehousing • 13 car parks
Inside you'll find a 792m² high clearance warehouse of over seven metres, three electric roller doors, and ample air-conditioned office space over two levels that totals 164m² inclusive of amenities. Set behind a security fence, the property is located on one of Hallam's major thoroughfares with easy access to the Monash and South Gippsland Freeways.
Matt O'Dea 0448 566 556 Tim Dark 0488 558 484
Building area 956m²
Zoning Industrial 1
Lease price $81,260pa + O/Gs
Visit website Property Preview | September 2017
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100 YEARS IN DANDENONG
Frank Facey establishes F.Facey House, Land and Estate Agent on Pultney Street, Dandenong
Facey Industrial Commercial looks forward to the next 100 years of real estate in the South East
Facey Industrial Commercial moves to 6 Clow Street, Dandenong
Frank Facey Real Estate office built at 254 Lonsdale Street, Dandenong
The face of Dandenong begins to change, starting with Lonsdale Street Frank Facey Industrial Commercial commences trading
The
Authority on industrial and commercial p roperty Facey Industrial Commercial 6 Clow Street Dandenong VIC 3175 T 9793 4455 F 9791 3648
faceyindustrial.com.au Disclaimer: Whilst every care has been taken in respect of the information contained herein, no warranty is given as to its accuracy. Prospective Purchasers/Tenants should make their own enquiries to satisfy themselves of all aspects of the contents. Prices may be subject to change without further notification. All measurements are approximate. All prices are GST exclusive unless stated.
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